RedridgeCapital

RedridgeCapital Updated 

Redridge Capital is back with vengeance. This time we are shorting S&P via 7-10 days OTM puts strikes at 5800-5820 and some short positions in Netflix as well. The rationale behind this trade is that the traders might be underestimating the associated volatility that might come with the next Bank of Japan meeting. We are expecting a hawkish outcome which will...

RedridgeCapital

Corn market has had a somewhat of a shock revival over the past couple of weeks. The latest WASDE report provided a final jolt to the massive speculative positioning which we deem to be at an extreme around the 500 USD level. We think the latest move has been an overkill and some of the positioning is bound to unwind as the speculators might have gotten ahead of...

RedridgeCapital

Going to purchase Microsoft strangles, expiry period around 4 months. 20 % +- stikes. The idea here is that we are in for a period of volatility either way - AI is going to have to start yielding fruit soon or the investments are going to be absolutely gigantic. Given the fact that BoJ is ending its free money policy, this is getting harder to justify.

RedridgeCapital Updated 

Tomorrows earning report might be one of the worst Tesla earning reports they had in a while. Layoffs, social media pressure, Elon Musk did not get his cash and is trying to get the cash, lackluster demand, EV problems. Expect a sub-115 USD pricetag by weeks end.

RedridgeCapital

Coming into the penultimate April trading week, we ended the last week with a massive drop in NVIDIA. Overall, stocks were not really a happy place last week. Kinda depressing. Anyway, we got a lot of expectations of a bounce, continuation of the move, etc...Given the dearth of information with the FED blackout, lack of economic data releases besides BOJ and PCE...

RedridgeCapital

The second week of April will go down as a pivotal time in the history of financial markets. Specifically, the moment when the market realized that the Federal Reserve might end up hiking instead of cutting. Dont let it fool you, the BoJ is not capable of defending the yen now. Next stop is at 162+

RedridgeCapital

Looks like nice topping action here. Major news out of the way, could be a good time to mean revert USDCAD. We will be shorting on market open, targeting 1.35 USDCAD. Spot short, hedged by a one week call at 1,3635

RedridgeCapital Updated 

What if I told you that taking a moment to appreciate the things you have, like a warm heater in Texas, could actually lead to better trading results? It may sound counterintuitive, but there's actually a lot of truth to this idea. When you take the time to appreciate the good things in your life(LIKE HAVING A ❤️ING HEATER IN TEXAS), it can shift your mindset and...

RedridgeCapital

So the Bank of Japan meeting is next week and we are at an interesting junction regarding Yen pairs and the situation Japan is currently in. Saving you a couple of paragraphs of reading, I will straight up say that I think EURJPY puts expiring next week Friday 26th are worth a while. Now, let me delve deeper into the reasoning behind why this trade can prove to...

RedridgeCapital Updated 

Soybeans, those humble legumes that power our burgers, biodiesel, and even some makeup, are about to get a serious adrenaline injection. Buckle up, buttercups, because the soybean price rollercoaster is about to take off, and it's not gonna be for the faint of heart. The quarterly report is done, bearish as fiddlicky shizzer. Good riddance out of the way. It...

RedridgeCapital Updated 

The list of plays our degenerate capital will be pursuing for the next week: AUDJPY - straddle Gold - straddle S&P - straddle These are based on the events upcoming for JPY. Shall we all meet in Valhalla after this one? We shall.

RedridgeCapital Updated 

Our position into the New Year will be holding onto a straddle for GBPJPY. We may reach 190+ before the BoJ meeting. If not, then the volatility might break onto the down side. We are making it out of bankrupcy with this one.

RedridgeCapital Updated 

Ever wondered why S&P included the word POOR in its name? Yea, you are damn ❤️ing right - you end up taking the dirtnap if you buy it. THATS WHY. It's standard boring. The S&P 500 has been teasing investors with the prospect of breaking above 4600 all week, but just like that one Tinder date who seemed so promising in your DMs, it ultimately let you down. And...

RedridgeCapital Updated 

Weather looking warmer than it seems? Gas inventories high as shit? IT DOES NOT MATTER. KANDA OUT OF HIS JOB?? WHO CARES! TL;DR: Long NatGas Calls 2.950 USD DEC Expiry and Short USD/JPY spot at 149.6 SL 150.10. In the grand tradition of financial kamikaze dives, Redridge Capital has just executed a trade that makes even seasoned market veterans cringe. We've...

RedridgeCapital Updated 

An Investigation by Redridge Capital's Degenerates Bitcoin, the financial equivalent of a hyperactive toddler on a sugar rush, has been teasing us with its near-constant flirtation with the 38,000 USD mark, only to pull back at the last moment like your school janitor when he discovers the underage high school girl he was flirting with is actually an undercover...

RedridgeCapital

In the cutthroat world of trading, where every decision can make or break your financial future, the ability to make sound judgments is paramount. However, it's easy to fall into the trap of trading while tired, a decision that can be as disastrous as trying to perform brain surgery with a rusty butter knife. That's where powernapping comes in, a technique...